current assets	cash+cheques,marketable securities,financial assets,investments,acc rec,
non current assets	land,building,equipm,furnit,organization costs,patents,goodwill,R&D costs
current liabilities	acc payable,notes payabl,interest payabl,income tax payabl,adv from cus&tenants,wages payabl
non current liabilities	mortgage payabl,bonds payabl,deferred income taxes, provisoions
cash	all coins, checks and bank deposits against which firm can draw a check
cash equiwalents	that can be converted to cash immediately. To qualify as CE,investment must be really convertible to
marketable securities	are to be sold within a year, common stock and government bonds
accounts receivable	money the customers owe you for the sale of goods
notes receivable	written promise to receive money at a future date
interest receivable	amount of interest that has been earned
inventory	goods avaible for sale/partially completed
advances to suppliers	payments for suppliers made in advance
prepaid rent	rent paid in advance for using land,buildings etc
patents	rights, ehat exclude others from manufacturing the product
organizational costs	initial costs made to create th company
accounts payable	money owed for goods/services
notes payable	amounts of the promissory notes the company wrote to pay someone
interest payable	interest on obligations the business hasn't paid yet
income tax payable	tax for income
advances from customers	obligation created when clients prepay for goods
advances from tenants	when tanats prepay for rented space
wages payable	what you have to pay for wages
mortgages payable	liability to pay a loan that is secured by property
deferred income taxes	income tax amounts delayed in payment bayond current acc period
provisions	liabilities of uncertain timing or amount